Canada Stocks to Watch: Talisman, Encana, Canadian Oil Sands and more

Spain’s Repsol SA reached an agreement with Talisman Energy Inc. to buy the Canadian company for $8.3 billion. The deal, at $8 a share, will nearly double Repsol’s oil output and boosts its potential for further expansion.

Encana Corp. said it is targeting 2015 capital spending of between $2.7 billion and $2.9 billion, above planned 2014 levels, while cash flow is expected to fall due partly to lower commodity prices.

Canadian Oil Sands Ltd. lowered its production guidance for the Syncrude project this year to about 94 million barrels from its previous view of 95 million to 100 million barrels, citing an outage in a sour water treater.